Expert Networker's Insider Trading Warrants Prison, US Says

Law360, Los Angeles (March 11, 2013, 3:53 PM EDT) -- A former expert networking executive who pled guilty in New York federal court last June to giving trading secrets about biotechnology company Abaxis Inc. to two hedge fund clients should not get a light prison sentence, U.S. prosecutors said Monday.

Tai Nguyen, 49, the president and sole employee of Insight Research LLC in Mountain View, Calif., deserves between 46 and 57 months in prison, U.S. Attorney Preet Bharara said in a letter to U.S. District Judge Naomi Reice Buchwald.